This article from Forbes discusses the slowly expanding use of mobile wallet or in-app payment forms used by brick and mortar retailers to avoid interchange fees. How does this actually work and further, lead to the adoption of Faster Payments? First, let’s look at how a retailer builds out a private mobile wallet: 1. Enable … [Read more…]
Many thanks to the Federal Reserve for finally putting their consumer payment data in an Excel file which makes it MUCH easier to work with. If you’re a reader, here’s the download of their published report.
Last week, I had the pleasure of speaking at length with Lou Carlozo, Managing Editor at BAI Banking Strategies. We covered a wide range of topics centered on the idea that financial services organizations competitive market is expanding, centralizing services is going to be a key strategic initiative for many banks in the future and … [Read more…]
Recently, I was reading the outline for a new ebook called Trust::Data: A New Framework for Identity and Data sharing which explores the idea of creating Personal Data Stores or PDS. Supporting Universal Access, an individual’s PDS mediates requests from third parties to access or use personal data. It’s in my library to explore further, but … [Read more…]